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Asian markets kick higher on renewed US-China trade



Asian markets broadly higher on Monday than traders looked forward to the continuation of trade talks between Chinese and American officials in Washington this week.

South Korea's Kospi

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     SEU, + 0.67%

jumped 0.7% and the Shanghai Composite index

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     SHCOMP, + 2.68% rose 1.6%. Hong Kong's Hang Bed

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     HSI, + 1.69%

was 1.7% higher. Australia's S&P / ASX 200

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     XJO, + 0.39%

added 0.4%.

Japan's benchmark Nikkei 225

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     NIK, + 1.82%

advanced 1.8%. The country said its core machinery orders dropped 0.1% in December from the previous month, beating forecasts of a 1.1% decline. Shares rose in Taiwan

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     Y9999, + 0.80%

and throughout Southeast Asia

Among individual stocks, Uniqlo owner Fast Retailing

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     9983, + 3.90%

jumped in Tokyo trading, as did Bridgestone

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     5108, + 4.93%

and Japan Steel

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     5631, + 4.35%

. Oil producers CNOOC

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     0883, + 3.16%

and PetroChina

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     0857, + 5.02%

rose in Hong Kong, along with tech companies Sunny Optical

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     2382, + 4.24%

and Tencent

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     0700, + 2.04%

. Samsung

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     005930, + 0.33%

rose in Korea, as did Taiwan Semiconductor

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     2330, + 1.32%

in Taiwan. Oil companies such as Woodside Petroleum

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     WPL, + 2.30%

Beach Energy

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     BPT, + 3.18%

and Santos

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     STO, + 1.19%

jumped in Australia

After the markets closed on Friday, China and the U.S. announced plans to summarize trade negotiations in Washington, merging that both countries were edging toward a deal

"We feel we have made headway on very, very important and difficult issues," Trade Representative Robert Lighthizer said, in a meeting with Chinese President Xi Jinping.

Xi expressed hope for "a mutually beneficial and win-win agreement," according to the official Xinhua News Agency.

days of talks in Beijing. Investors were worried about progress on thorny issues like Washington's unhappiness about Chinese technology and trade policies.

$ 200 trillion in Chinese goods. President Donald Trump has said that he could be close to a deal with China.

Optimism surrounding U-China trade talks boosted indexes on Friday. The broad S&P 500 index

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     SPX, + 1.09%

rebounded 1.1% to 2,775.60. The Dow Jones Industrial Average

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     DJIA, + 1.74%

climbed 1.7% to 25,883.25 and the Nasdaq composite

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                    COMP, + 0.61%

rose 0.6% at 7,472.41. U.S. markets are closed Monday for Presidents Day.

U.S. crude

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     CLJ9, + 0.84% ​​

added 28 cents to $ 55.87 per barrel in electronic trading on the New York Mercantile Exchange. It added $ 1.18 to settle at $ 55.59 per barrel in New York on Friday. Brent crude

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     LCOJ9, + 0.57%

used to price international oils, shed 2 cents to $ 66.23 per barrel. It picked up $ 1.68 to $ 66.25 per barrel in London.

The dollar

                            
                            
                                  
      
      
      
      
      
      
      
      
      
                            
                                     + 0.08%

strengthened to 110.53 yen from 110.48 yen late Friday.

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